Despite Warnings of Analyst For Fall to $6,100, Bitcoin Surges Above $8k

The bitcoin price has dropped by as much as 18 percent from its 2019 high of $9,090. And it could lose more value in the coming 20 days, according to an analysis provided by a cryptocurrency analyst.
Mr. Teddy Cleps of Crypto Freak Network said on Monday that the bitcoin price historically contacted its 21-weekly exponential moving average (EMA) in every 70-to-90 days.
On the 70th day since the last contact, bitcoin was trending almost a thousand dollar above the EMA in concern, which means the